A country where the banking rate increased from 3% to 8.1% in 5 years whets the appetites of regional and international banks. Financial services is also for many years one of the growth engines of Togo.
Last to land on the Togolese market, Coris Bank International.
This headquartered in Burkina Faso has just opened a branch in Lome.
Besides Burkina (36 agencies), CBI is located in Ivory Coast and Mali.Deposits exceed 250 billion CFA francs.
It counts among its shareholders several public and private institutions Burkinabe and the West African Development Bank (BOAD).
The choice of location in Togo meets business logic and development opportunities, says Issa Nassa, CEO of Coris in the following interview.
Is Togo a growth market for the bank you lead?
Idrissa Nassa : The improvement of the business climate, efforts by the government to improve infrastructure and stabilize the economy were key elements. Togo has a vibrant private sector support for the banks rise
We believe in the Togolese economy. The country is developing in the Economic and Monetary Union strategy to become a financial hub in West Africa. The Togo can be the Singapore of the region in this area.
We believe in the Togolese economy and its potential doped with a welcoming environment.
Coris wants to meet the demands of SMEs, facilitate access to credit, support businesses and individuals in the long term.
What do you offer more than the other banks already present in Togo?
Idrissa Nassa : Coris is another way to the bank. We offer quality services and proximity. The ambition is to first serve clients by being, for example, open 7/7, including holidays.
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